Keppel Land in JV to develop Phase 2 of Junction City in Yangon
SINGAPORE (Sept 7): Keppel Land, the property arm of Keppel Corporation, has entered into a conditional joint venture agreement with Shwe Taung Group to develop premium serviced residences and offices in the second phase of Junction City in Yangon, Myanmar.
BNM stands pat on key interest rate at 3%
KUALA LUMPUR (Sept 7): As expected, Bank Negara Malaysia (BNM) today kept its key policy rates unchanged at 3%.
L&G to launch properties worth over RM1.6 bil in next six months
KUALA LUMPUR (Sept 7): Land & General Bhd (L&G) is aiming to launch projects worth more than RM1.
Singapore's Grade A office fears unfounded
SINGAPORE (Sept 7): Healthy interest for new office buildings is allaying fears over Grade A office rents crashing and that new office supply will not be absorbed, according to a Monday sector note by DBS Vickers.
Room for another key rate cut by Bank Negara, say economists
KUALA LUMPUR (Sept 7): Although the central bank’s governor indicated in July that the Bank Negara Malaysia (BNM) has no plans to cut the key rate further in the next few monetary policy meetings this year, economists argue there is still room for another round of easing.
‘Recovery will be a gradual process’
IREKA Group of Companies has been keeping a relatively low profile in the property development sector in the past few years.
Property owners seek clarity on land valuations by JPPH
PETALING JAYA (Sept 6): Some residential bungalow owners along Jalan Gasing in Petaling Jaya are puzzled with the disparity in the valuations done on their properties by private valuers, and those done by the Valuation and Property Services Department (JPPH).
China's BUCG removed from RM6.3 bil Penang mega project
GEORGE TOWN (Sept 6): Chinese state-run firm Beijing Urban Construction Group Co Ltd (BUCG) has been removed as partner in a consortium tasked with building the RM6.
